Contracts
In Texas, an 'addendum' to a real estate contract is:
AA replacement of the original contract
BAn addition to the contract that modifies or adds terms, attached to and made part of the contract✓ Correct
CA separate agreement that supersedes the contract
DAn informal memo between the parties
Explanation
An addendum is a document attached to and incorporated into the original contract that modifies, adds to, or clarifies its terms. TREC has promulgated numerous addenda for specific situations (financing, HOA, back-up contracts, lead paint, etc.). All addenda must be signed by both parties to be effective.
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